Best eu binary options brokers
With the growing pressure from local financial regulators in France and Belgium, CySEC was forced to tighten the binary options industry. In , the Cyprus commission implemented new rules, mostly concerning the advertising and marketing tactics that brokers can use in targeting new clients.
The new regulations led to most binary companies shutting down. Although brokerages regulated by CySEC can offer their services to most of Europe, the companies are also required to adhere to the regional laws enforced by the respective financial institutions. Despite the stiff regulations, there are still brokers that continue to offer binary options to EU retail traders.
Such brokerages need to follow not only the CySEC rules but also to adhere to the regulations in other European countries. AMF is the regional financial regulator for France. Working as an independent body, AMF regulates all financial businesses registered in its jurisdiction. The French regulator also aims to safeguard the interests of the French residents through a series of measures, which include banning illegal financial products and conducting investigations.
By , the AMF mandated changes to the retail brokerage business, including forex and binary options. These mandated changes included banning all electronic advertisements targeting French citizens for forex, CFDs and binary options products. The AMF is also very active in issuing public warnings against binary options and forex brokers that continue to offer their services unregulated in France.
BaFin is the Federal financial supervisory authority for Germany. As with most other financial supervisory institutions, the BaFin is tasked with ensuring market integrity and regulating the offer of financial products. Among the series of measures taken, BaFin stated the above service providers must ensure negative balance protection.
The rules were implemented in early August , and the regulator joins the ranks of other regional financial regulators in the EU that have come down strongly on the OTC trading industry. Although the above conditions are restrictive for binary options brokers, the rules and regulations imposed by the financial regulators are in the best interest of the traders.
There are numerous examples of how traders were not paid or were scammed. In most of these cases, the culprits were the unregulated or offshore companies. As a binary options trader, it is in your best interest to carefully scrutinize the broker that you want to trade with. With this in mind in this particular guide we are looking at the GDP figures from some of the major power houses in Europe.
Plus you will also find a range of additional information which may help in your quest to find just which Binary Options trades to place today or in the very near future. Also please do make site of our other country specific market data reports as they will also give you lots of food for thought so to speak.
You should have no difficulty what so ever if you are based in Europe and you are looking to place any type of Binary Options trade online. For we have fully reviewed each of the leading European trader friendly Binary Options Brokers. Below are several of those Brokers who are going to offer you something unique but each of them are fully licensed and regulated and always adhere to the highest industry standards. Banc De Binary — One of the largest and most successful European Binary Options Brokers is Banc De Binary and this Broker really is going to live up to your highest of expectations, no matter what type of Binary Options trades you are looking to place.
You can open your account using Euros as your base currency and will also find a range of mobile trading opportunities available on their mobile trading platform too. Opteck — As a Binary options trader you will be demanding from any Broker you do decide to sign up to a range of features and will also wants lots of additional extras when placing real money trades at such a Broker online.
With that in mind please do take a look at what Opteck are going to offer you for they are one of the more generous Brokers when it comes to giving their clients lots of little extras which include a range of bonuses and special promotional offers.